EUR/JPY met a tough nut to crack at the 131.00 level. Higher US yields sustains the selling bias in the Japanese yen. The stronger dollar puts the risk complex under pressure. After another failed attempt to surpass the 131.00 level, EUR/JPY came under pressure and receded to the mid-130.00s, where some initial contention turned up
FX
USD/CAD refreshes intraday high, bounces off 18-day low. US dollar stays firmer even as market sentiment improves. Oil prices struggle amid supply-demand fears ahead of OPEC+ meeting. Off in multiple markets, lack of major data challenges short-term moves. USD/CAD picks up bids to refresh intraday high near 1.2670 during Monday’s Asian session. In doing so,
The S&P 500 is flat in subdued trade on the final session of 2021, having slipped back under 4800 on Thursday. The index is on course to post an annual return of more than 27%. All the major US indices were powered higher in 2021 by massive fiscal and monetary stimulus plus mass vaccine rollouts.
The USD/JPY edges higher in the year’s last trading day, up some 0.03%. A risk-off market mood put capped the downtrend of the USD/JPY. USD/JPY Price Forecast: The upward bias to continue, a break above 115.20 would open the door for a test of the YTD high at 115.52. As of year-end looms, the USD/JPY
The first week of next year will have a busy schedule regarding economic data. In the US and Canada, employment numbers and ISM figures are due. Also the Federal Reserve will release the minutes from its latest meeting. Analysts from TD Securities expect a net job creation of 30K in Canada during December and NFP
USD/TRY is set to end the week 20% higher, though the rally has stalled at resistance in the 13.50 area. Investors remain fearful as President Erdogan continues to push “new economic programme” despite surging inflation. TRY has lost more than 40% of its value versus USD this year, its worst annual performance in two decades.
Here is what you need to know on Friday, December 31: Well, we made it to the end of the year and what a tumultuous one it was. We can scarcely believe we are still talking about covid. Indeed talking about record infection rates, hopefully, recent research that the omicron variant proves less severe is
AUD/USD keeps the bounce off intraday low following China’s upbeat data. China NBS Manufacturing PMI improves to 50.3, Non-Manufacturing PMI drops below forecast in December. Off in Japan restricts bond moves, stock futures print mild losses. Omicron woes stay on the table, China increases hardships for Australia but year-end liquidity crunch limit market moves. AUD/USD
NASDAQ:LCID fell by 0.03% during Wednesday’s trading session. Rivian tells its customers that SUVs will be ready in 2023. Tesla stock falls as Musk continues to sell shares. NASDAQ:LCID has been far from the sure bet investors believed it to be when the luxury EV maker went public back in July. But it is still
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
Gold came under renewed bearish pressure on Wednesday. 10-year US Treasury bond yield is testing 1.5%. Next near-term technical support is located at $1,790. Gold closed in the negative territory after jumping to its highest level in more than a month at $1,820 on Tuesday and seems to be having a hard time shaking off
US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, stayed steady around the highest levels since December 08, at 2.50%, per the FRED website. The firmer inflation expectations keep fears of the Fed’s early rate hike on the table, which in turn weigh on the
USD/CAD staged a modest recovery from a near two-month-old ascending channel support. Bullish crude oil prices might underpin the loonie and cap any meaningful gains for the pair. A convincing break below the 1.2770-65 area will set the stage for a further near-term slide. The USD/CAD pair staged a goodish bounce from a one-and-half-week low
Gold (XAU/USD) remains firmer around $1,812 during Tuesday’s Asian session, after refreshing the weekly peak the previous day. The yellow metal cheers the market’s risk-on mood, as well as downbeat US dollar prices, to keep buyers hopeful during the final days of 2021. Easing fears of the South African covid variant and stimulus hopes could
A combination of factors prompted fresh selling around AUD/USD on the first day of a new week. Omicron fears acted as a headwind for the perceived riskier aussie amid resurgent USD demand. Investors might refrain from placing aggressive bets amid the year-end thin liquidity conditions. The AUD/USD pair extended its steady intraday descent and dropped
GBP/USD hovers around 1.3400 as Brexit, Omicron fears battle thin liquidity GBP/USD takes rounds to 1.3400 during an inactive Asian session on Monday. The cable pair snapped a three-day uptrend near the monthly high the previous day as fears over South Africa-linked covid variant and Brexit escalate. However, an offer in the UK and holiday
The Mexican peso is rising across the board on Friday. USD/MXN heads for lowest daily close in a month. The USD/MXN is falling on Friday for the third consecutive day and it trades at 20.56, the lowest level in a month. The Mexican peso remains supported by an improvement in global risk sentiment. Also, a
The shared currency losses against the greenback but remains above the 1.1300 figure. EUR/USD Price Forecast: A descending triangle in a downtrend opens the door for a challenge of the YTD low at 1.1186. The EUR/USD is barely down late in the European session, trading at 1.1318 at the time of writing. As US markets